Similar Search Results

Do Managers of U.S. Defined Benefit Pension Plan Sponsors Use Regulatory Freedom Strategically?

Kisser, Michael - 2018

We use historical particularities of pension funding law to investigate whether managers of U.S. corporate defined benefit pension plan sponsors strategically use regulatory freedom to lower the reported value of pension liabilities, and hence required cash contributions. For some years, pension...

Persistent link: https://www.econbiz.de/10012925664

Do Managers of U.S. Defined Benefit Pension Plan Sponsors Use Regulatory Freedom Strategically?

Kisser, Michael - 2017

Persistent link: https://www.econbiz.de/10012972661

U.S. Workers' Investment Decisions for Participant-Directed Defined Contribution Pension Assets

Hungerford, Thomas L. - 2003

Two issues may have a tremendous impact on the adequacy of retirement income for today's workers: The growth of 401(k) pension plans and the possible privatization of Social Security. Workers are becoming increasingly responsible for the adequacy of their retirement income by determining how...

Persistent link: https://www.econbiz.de/10014087990

Reach for Yield by U.S. Public Pension Funds

Lu, Lina - 2019

This paper studies whether U.S. public pension funds reach for yield by taking more investment risk in a low interest rate environment. To study funds' risk-taking behavior, we first present a simple theoretical model relating risk-taking to the level of risk-free rates, to their underfunding,...

Persistent link: https://www.econbiz.de/10012866730

Irrelevance of Governance Structure

Goshen, Zohar - 2020

Does corporate governance structure matter for firm value? We develop a model in which the allocation of control rights … between shareholders and managers (“governance structure”) affects managers' incentive to invest (strong governance tightens … managerial freedom and weak governance loosens it), and firms' investment decisions are linked through a market for resources. We …

Persistent link: https://www.econbiz.de/10012850031

The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans

Kisser, Michael - 2013

This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable...

Persistent link: https://www.econbiz.de/10013089786

Firms with Benefits? Nonwage Compensation and Implications for Firms and Labor Markets

Ouimet, Paige; Tate, Geoffrey - National Bureau of Economic Research - 2023

Using administrative data on health insurance, retirement, and leave benefits, we find within-firm variation accounts for a dramatically lower percentage of total variation in benefits than in wages. We also document sharply higher between-firm variation in nonwage benefits than in wages. We...

Persistent link: https://www.econbiz.de/10014322850

How investors can (and can't) create social value

Brest, Paul; Gilson, Ronald J.; Wolfson, Mark A. - 2018

Most investors have a single goal: to earn the highest financial return. These socially-neutral investors maximize their risk-adjusted returns and would not accept a lower financial return from an investment that also produced social benefits. An increasing number of socially-motivated investors...

Persistent link: https://www.econbiz.de/10011980089

Syndicated loan spreads and the composition of the syndicate

Lim, Jongha; Minton, Bernadette A.; Weisbach, Michael S. - 2012

During the past decade non-bank institutional investors are increasingly taking larger roles in the corporate lending than they historically have played. These non-bank institutional lenders typically have higher required rates of return than banks, but invest in the same loan facilities. In a...

Persistent link: https://www.econbiz.de/10009625909

Do Nonbank Mortgage Companies Pose Systemic Risk to the US Economy?

Whalen, Richard Christopher - 2020

This working paper reviews the work of the Financial Stability Oversight Council (FSOC) in terms of identifying potential systemic risk in the nonbank sector under authority from the Dodd-Frank Wall Street Reform Act of 2010. We discuss past efforts by the agencies represented within the FSOC to...

Persistent link: https://www.econbiz.de/10012844128

1
2
3
4
5
6
7
8
9
10
Next
Last